Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil and natural gas in the provinces of Alberta, British Columbia and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.

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Cardinal Energy Ltd (Alberta) > Strange trading last two days!

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Comment by Quintessential1on Sep 14, 2023 7:08am

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Post# 35635364

RE:Strange trading last two days!

If an acqusition is going to happen I would say it should happen soon either way.

CJ should have been eyeing up new land and mid-caps and majors should have been eyeing up CJ.

Of course CJ could just be flush with FCF and decided to blow it on buybacks while the share price is low. The debate on whch is cheaper right now, interest rates or divy, should start up again.

GLTA